Wedbush Securities Inc. Buys 3,055 Shares of Tesla, Inc. $TSLA

Key Points

• Wedbush Securities increased its Tesla position by 3.5% in the third quarter, purchasing 3,055 shares and bringing its holdings to 89,254 shares valued at approximately $31.7 million.
• Tesla’s third-quarter adjusted EPS of $0.48 exceeded estimates, but revenue was essentially flat year over year at $28.05 billion, while automotive and energy-storage revenue declined and operating income fell sharply.
• Investor sentiment remains divided: Tesla’s autonomy, robotics and energy businesses offer potential growth, but reduced capital-expenditure plans, Cybertruck challenges and a very high valuation contribute to execution and downside risks. The stock has a consensus “Hold” rating and an average price target of $408.61.

Wedbush Securities Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,254 shares of the electric vehicle producer's stock after purchasing an additional 3,055 shares during the quarter. Tesla accounts for approximately 0.8% of Wedbush Securities Inc.'s portfolio, making the stock its 15th largest holding. Wedbush Securities Inc.'s holdings in Tesla were worth $31,668,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSLA. Legal & General Group Plc purchased a new stake in Tesla during the second quarter worth $8,535,612,000. Bank of New York Mellon Corp purchased a new position in Tesla in the second quarter valued at $6,083,630,000. Deutsche Bank AG purchased a new position in Tesla in the second quarter valued at $4,039,090,000. Canada Pension Plan Investment Board purchased a new position in Tesla in the second quarter valued at $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Tesla in the second quarter worth about $2,995,584,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by company insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $372.22 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.74. The firm has a fifty day moving average of $364.01 and a 200 day moving average of $377.22. The firm has a market cap of $1.47 trillion, a PE ratio of 409.04, a PEG ratio of 23.63 and a beta of 1.92. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business had revenue of $28.05 billion for the quarter, compared to the consensus estimate of $28.06 billion. During the same period last year, the firm posted $0.50 earnings per share. The company's revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent analyst reports. Oppenheimer started coverage on shares of Tesla in a research note on Thursday. They set an "outperform" rating on the stock. Wells Fargo & Company restated a "buy" rating on shares of Tesla in a research note on Thursday, October 1st. Truist Financial set a $370.00 price target on Tesla and gave the stock a "hold" rating in a report on Thursday, July 23rd. Citigroup reaffirmed a "neutral" rating on shares of Tesla in a report on Wednesday. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $408.61.

Tesla Company Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.

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